Saga Communications, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 09:00 am EDT
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Saga Communications, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 29.15 million compared to USD 29.98 million a year ago. Net income was USD 2.73 million compared to net loss of USD 0.104 million a year ago. Basic earnings per share from continuing operations was USD 0.45 compared to basic loss per share from continuing operations of USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.45 compared to diluted loss per share from continuing operations of USD 0.01 a year ago.
For the nine months, sales was USD 83.63 million compared to USD 84.77 million a year ago. Net income was USD 7 million compared to USD 4.92 million a year ago. Basic earnings per share from continuing operations was USD 1.15 compared to USD 0.82 a year ago. Diluted earnings per share from continuing operations was USD 1.15 compared to USD 0.82 a year ago.
Saga Communications, Inc. is a broadcast company. The Company is primarily engaged in acquiring, developing, and operating broadcast properties. The Company owns approximately 79 frequency modulation (FM), 34 AM radio stations, and 80 metro signals serving over 27 markets, including Asheville, Bellingham, Brattleboro, Bucyrus, Champaign, Charleston, Charlottesville, Clarksville, Columbus, Des Moines, Greenfield, Harrisonburg, Hilton Head Island, Ithaca, Jonesboro, Keene, Manchester, Mitchell, Norfolk, Ocala, Northampton, Portland, Spencer, Springfield, and Yankton. The radio stations that the Company owns and/or operates employ a variety of programming formats, including Classic Hits, Adult Hits, Top 40, Country, Country Legends, Mainstream/Hot/Soft Adult Contemporary, Pure Oldies, Classic Rock, and News/Talk. Its stations broadcast primarily in small to mid-size markets.
SAGA COMMUNICATIONS, INC. 
